DEFERRED LIFETIME INCOME

Money when you need it most

PLANNING FOR A LIFETIME.

 

In recent years, we’ve all witnessed the impact of significant economic shocks and financial market volatility on retirement accounts. As long-time savers, you are likely concerned about how to navigate market uncertainty so that your hard-earned savings will provide the income needed for all of your retirement years.

For times like these and for members like you we introduced Deferred Lifetime Income—an offering available only to UC Retirement Savings Program participants to help you address these concerns with confidence and enjoy a comfortable retirement.

Deferred Lifetime Income is a special type of annuity that you purchase now with a portion of your UC RSP account balance that provides steady monthly income for life beginning at age 78—a time when many retirees need financial security most.

This year's purchase window is planned for September 1–27, 2022. In the meantime, you can use this tutorial to learn more about the Deferred Lifetime Income option and decide if it’s right for you. Once the 2022 purchase window opens on September 1st, you will be able to log in to get a personalized quote and, if desired, make a purchase.

Let’s get started.